China announced on Friday that it will impose export controls on certain graphite materials and related products, effective from December 1.

With robust signs from the realty and construction sectors, the steel market will recover soon, he added.

World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 149.3 million tonnes (Mt) in September 2023, a 1.5% decrease compared to September 2022.

The 2312 ferrosilicon contract price on ZCE closed at 7038 yuan per ton on October 24.

Brazil-focused explorer Bravo Mining (TSXV: BRVO) shares surged on Monday after the company announced an initial resource estimate for its Luanga palladium-platinum-rhodium-gold-nickel project located in Pará state.

Russia’s Nornickel, the world’s largest palladium producer and a major producer of high-grade nickel, said on Monday its third-quarter nickel production was 21% higher than in the previous quarter at 53,945 metric tons.

The 2312 ferrosilicon contract price on ZCE closed at 7006 yuan per ton on October 23.

Japan’s JFE Steel Corp is in talks to buy a stake in the metallurgical coal business of Canada’s Teck Resources, two people aware of the development said, adding to the list of suitors that also includes miner Glencore.